BidaskClub Upgrades Equity BancShares (EQBK) to Buy

Equity BancShares (NASDAQ:EQBK) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Equity BancShares from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $45.00 price objective on shares of Equity BancShares in a research report on Friday, December 22nd. Finally, TheStreet raised shares of Equity BancShares from a “c” rating to a “b” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $35.50.

Shares of EQBK stock opened at $37.76 on Friday. Equity BancShares has a 52-week low of $29.13 and a 52-week high of $40.77. The stock has a market capitalization of $580.26, a PE ratio of 23.17 and a beta of 0.72. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.83 and a current ratio of 0.90.

Equity BancShares (NASDAQ:EQBK) last announced its earnings results on Thursday, January 25th. The bank reported $0.55 earnings per share (EPS) for the quarter. Equity BancShares had a return on equity of 8.24% and a net margin of 17.48%. The business had revenue of $28.69 million for the quarter. research analysts predict that Equity BancShares will post 2.73 EPS for the current year.

Several hedge funds have recently made changes to their positions in EQBK. Covenant Multifamily Offices LLC purchased a new stake in shares of Equity BancShares in the fourth quarter valued at about $4,189,000. Mariner Wealth Advisors LLC purchased a new stake in shares of Equity BancShares in the fourth quarter valued at about $3,397,000. Kennedy Capital Management Inc. raised its holdings in shares of Equity BancShares by 66.2% in the fourth quarter. Kennedy Capital Management Inc. now owns 184,748 shares of the bank’s stock valued at $6,542,000 after purchasing an additional 73,618 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Equity BancShares by 124.8% in the third quarter. Dimensional Fund Advisors LP now owns 119,569 shares of the bank’s stock valued at $4,254,000 after purchasing an additional 66,390 shares during the last quarter. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Equity BancShares in the fourth quarter valued at about $2,125,000. Institutional investors own 59.47% of the company’s stock.

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Equity BancShares Company Profile

Equity Bancshares, Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals through its network of over 30 branches located in Kansas and Missouri.

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